The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(8.82%) | $67,940,460 | | Net Lumpsum Payment | $417,388,210 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$2,256,747 |
$13,902,544 |
| 2 |
$26,866,800 |
$9,901,046
$2,369,652 |
$14,596,102 |
| 3 |
$28,209,800 |
$10,397,956
$2,488,104 |
$15,323,740 |
| 4 |
$29,620,800 |
$10,920,026
$2,612,555 |
$16,088,219 |
| 5 |
$31,101,500 |
$11,467,885
$2,743,152 |
$16,890,463 |
| 6 |
$32,657,000 |
$12,043,420
$2,880,347 |
$17,733,233 |
| 7 |
$34,289,000 |
$12,647,260
$3,024,290 |
$18,617,450 |
| 8 |
$36,004,300 |
$13,281,921
$3,175,579 |
$19,546,800 |
| 9 |
$37,804,600 |
$13,948,032
$3,334,366 |
$20,522,202 |
| 10 |
$39,695,000 |
$14,647,480
$3,501,099 |
$21,546,421 |
| 11 |
$41,678,900 |
$15,381,523
$3,676,079 |
$22,621,298 |
| 12 |
$43,763,100 |
$16,152,677
$3,859,905 |
$23,750,518 |
| 13 |
$45,951,000 |
$16,962,200
$4,052,878 |
$24,935,922 |
| 14 |
$48,249,400 |
$17,812,608
$4,255,597 |
$26,181,195 |
| 15 |
$50,661,700 |
$18,705,159
$4,468,362 |
$27,488,179 |
| 16 |
$53,194,700 |
$19,642,369
$4,691,773 |
$28,860,558 |
| 17 |
$55,853,500 |
$20,626,125
$4,926,279 |
$30,301,096 |
| 18 |
$58,646,600 |
$21,659,572
$5,172,630 |
$31,814,398 |
| 19 |
$61,579,100 |
$22,744,597
$5,431,277 |
$33,403,226 |
| 20 |
$64,657,800 |
$23,883,716
$5,702,818 |
$35,071,266 |
| 21 |
$67,891,200 |
$25,080,074
$5,988,004 |
$36,823,122 |
| 22 |
$71,286,100 |
$26,336,187
$6,287,434 |
$38,662,479 |
| 23 |
$74,849,300 |
$27,654,571
$6,601,708 |
$40,593,021 |
| 24 |
$78,592,700 |
$29,039,629
$6,931,876 |
$42,621,195 |
| 25 |
$82,521,400 |
$30,493,248
$7,278,387 |
$44,749,765 |
| 26 |
$86,649,000 |
$32,020,460
$7,642,442 |
$46,986,098 |
| 27 |
$90,980,600 |
$33,623,152
$8,024,489 |
$49,332,959 |
| 28 |
$95,529,800 |
$35,306,356
$8,425,728 |
$51,797,716 |
| 29 |
$100,306,800 |
$37,073,846
$8,847,060 |
$54,385,894 |
| 30 |
$105,321,800 |
$38,929,396
$9,289,383 |
$57,103,021 |
|
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